Nuance Communications Inc. [NUAN] Stock trading around $41.84 per share: What’s Next?

Nuance Communications Inc. [NASDAQ: NUAN] price plunged by -1.48 percent to reach at -$0.63. The company report on March 24, 2021 that Increased Adoption of Nuance DAX by Independent Ambulatory Clinics Leads to Improved Physician Satisfaction and Patient Experience.

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Survey results from Nuance DAX users show measurable improvements in healthcare experiences, higher throughput, and reduced documentation workloads.


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Nuance Communications, Inc. (NASDAQ: NUAN) announced that independent ambulatory clinics are accelerating the adoption of the Nuance® Dragon® Ambient eXperience™ (DAX™) ambient clinical intelligence (ACI) solution and reporting significant gains in physician and patient satisfaction. Nuance DAX enables physicians at independent ambulatory clinics to reduce the time needed to document care which allows them to stay fully engaged with patients.

A sum of 4695916 shares traded at recent session while its average daily volume was at 3.13M shares. Nuance Communications Inc. shares reached a high of $42.30 and dropped to a low of $41.27 until finishing in the latest session at $41.84.

The one-year NUAN stock forecast points to a potential upside of 27.86. The average equity rating for NUAN stock is currently 1.70, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Nuance Communications Inc. [NUAN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NUAN shares is $58.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NUAN stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Guggenheim have made an estimate for Nuance Communications Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 30, 2020. The new note on the price target was released on August 06, 2020, representing the official price target for Nuance Communications Inc. stock. Previously, the target price had yet another raise to $31, while SVB Leerink analysts kept a Outperform rating on NUAN stock.

The Average True Range (ATR) for Nuance Communications Inc. is set at 1.91, with the Price to Sales ratio for NUAN stock in the period of the last 12 months amounting to 7.83. The Price to Book ratio for the last quarter was 9.84, with the Price to Cash per share for the same quarter was set at 1.37.

NUAN Stock Performance Analysis:

Nuance Communications Inc. [NUAN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.24. With this latest performance, NUAN shares dropped by -6.62% in over the last four-week period, additionally plugging by 28.01% over the last 6 months – not to mention a rise of 151.74% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NUAN stock in for the last two-week period is set at 40.09, with the RSI for the last a single of trading hit 36.84, and the three-weeks RSI is set at 42.41 for Nuance Communications Inc. [NUAN]. The present Moving Average for the last 50 days of trading for this stock 46.24, while it was recorded at 43.72 for the last single week of trading, and 36.39 for the last 200 days.

Insight into Nuance Communications Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Nuance Communications Inc. [NUAN] shares currently have an operating margin of +9.00 and a Gross Margin at +53.35. Nuance Communications Inc.’s Net Margin is presently recorded at +1.95.

Return on Total Capital for NUAN is now 3.84, given the latest momentum, and Return on Invested Capital for the company is 1.09. Return on Equity for this stock inclined to 1.74, with Return on Assets sitting at 0.64. When it comes to the capital structure of this company, Nuance Communications Inc. [NUAN] has a Total Debt to Total Equity ratio set at 146.21. Additionally, NUAN Total Debt to Total Capital is recorded at 59.38, with Total Debt to Total Assets ending up at 46.55. Long-Term Debt to Equity for the company is recorded at 105.96, with the Long-Term Debt to Total Capital now at 43.04.

Reflecting on the efficiency of the workforce at the company, Nuance Communications Inc. [NUAN] managed to generate an average of $4,054 per employee. Receivables Turnover for the company is 4.72 with a Total Asset Turnover recorded at a value of 0.33.Nuance Communications Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.50.

NUAN Stock EPS

With the latest financial reports released by the company, Nuance Communications Inc. posted 0.21/share EPS, while the average EPS was predicted by analysts to be reported at 0.17/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 23.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NUAN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Nuance Communications Inc. go to 5.20%.

Nuance Communications Inc. [NUAN] Insider Position Details

There are presently around $12,307 million, in the hands of institutional investors. The top three institutional holders of NUAN stocks are: VANGUARD GROUP INC with ownership of 25,411,577, which is approximately 1.766% of the company’s market cap and around 1.00% of the total institutional ownership; FMR LLC, holding 16,992,277 shares of the stock with an approximate value of $710.96 million in NUAN stocks shares; and COATUE MANAGEMENT LLC, currently with $695.17 million in NUAN stock with ownership of nearly 83.416% of the company’s market capitalization.

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Positions in Nuance Communications Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 195 institutional holders increased their position in Nuance Communications Inc. [NASDAQ:NUAN] by around 37,787,611 shares. Additionally, 201 investors decreased positions by around 25,648,328 shares, while 48 investors held positions by with 230,706,501 shares. The mentioned changes placed institutional holdings at 294,142,440 shares, according to the latest SEC report filing. NUAN stock had 88 new institutional investments in for a total of 9,887,305 shares, while 35 institutional investors sold positions of 1,055,588 shares during the same period.

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